For the last three months, Singapore is facing an economical slowdown in GDP by almost 41.2 per cent. The prime analysis following this is the restraint imposed due to COVID 19, as Lockdown stops the growth of GDP of this nation. Singapore’s imposed lockdown started the closing of many businesses and a decline in retail spending. This decline in GDP is still now being recorded as the biggest quarterly contraction.
July 14, 2021 • no comments